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Icetoad 🍕 🎩 🐈 pfp
Icetoad 🍕 🎩 🐈
@icetoad.eth
Thoughts? It is honestly hard to be bullish about anything at the moment. This trade war and impending recession are going to keep things suppressed for good while.
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Stuart
@olystuart
Who knows with Trump chaos but I don't see any signs of a recession. It's possible the trade war and government budget cuts could lead to one but not necessarily.
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Icetoad 🍕 🎩 🐈 pfp
Icetoad 🍕 🎩 🐈
@icetoad.eth
The labor market had been in a precarious position even before the trade war and layoffs began. The USA hasn't been in a proper recession for 15 years and on average it sees a recession every 5.6 years, so it is overdue. Layoffs + inflation (in large part due to the trade war) + lower levels of trade + less government spending = recession. I'll bet you 3 ETH that the US is in a recession by the end of 2025.
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